Florida Financial Advisors LLC Acquires 801 Shares of The Procter & Gamble Company (NYSE:PG)

Florida Financial Advisors LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 38.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,890 shares of the company’s stock after acquiring an additional 801 shares during the quarter. Florida Financial Advisors LLC’s holdings in Procter & Gamble were worth $484,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PG. NewSquare Capital LLC boosted its position in Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in Procter & Gamble in the 3rd quarter valued at approximately $33,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble in the 4th quarter worth $34,000. Atlantic Private Wealth LLC raised its stake in shares of Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after purchasing an additional 101 shares during the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at $39,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

PG has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. DA Davidson reissued a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Piper Sandler decreased their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Barclays boosted their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $181.47.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $165.73 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The firm has a fifty day simple moving average of $168.11 and a two-hundred day simple moving average of $169.58. The stock has a market capitalization of $388.61 billion, a P/E ratio of 26.39, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 EPS. On average, analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.